Public Storage (PSA) Raises Quarterly Dividend 21.4% to $1.70; 3.6% Yield
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Public Storage Reports Results for the Quarter Ended March 31, 2015 and Increases Quarterly Common Dividend by 21% to $1.70 Per Share
April 30, 2015 5:34 PM EDTGLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE: PSA) announced today operating results for the quarter ended March 31, 2015.
Operating Results for the Three Months Ended March 31, 2015
For the three months ended March 31, 2015, net income allocable to our common shareholders was $212.6 million or $1.23 per diluted common share, compared to $174.1 million or $1.01 per diluted common share for the same period in 2014 representing an increase of $38.5 million or $0.22 per diluted common share. The increase is primarily due to a $39.9 million increase in self-storage net operating income, as a result of a... More
